Is Nova Agritech overvalued or undervalued?

As of 20 June 2025, the valuation grade for Nova Agritech has moved from very attractive to attractive. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 16.53, an EV to EBIT of 11.71, and a ROCE of 16.67%. In comparison to peers, P I Industries is classified as very expensive with a PE ratio of 37.51, while UPL is attractive with a PE of 38.18.
Despite the attractive valuation, Nova Agritech has underperformed relative to the Sensex, with a year-to-date return of -20.43% compared to the Sensex's 5.46%. This performance may reflect market sentiment rather than underlying fundamentals, suggesting that while the company is fairly valued, there may be potential for recovery if market conditions improve.